The 60 minute chart is still trying to rise back up to the zero line, and cross over into positive territory. I don't know if it will make it there or not?
But, we should move up in the morning, and sell off in the afternoon, if I'm reading the charts correctly.
FYI- Rick Ackerman sees a POSSIBLE turning pt (we bounce from) 1022 on the emini s&P, based on his method which can be “incanningly accurate” but it my just pause, its good for a long with a tight stop he would say. It coincides nearly with the daily and weekly BB which are dropping hard now.
Just remember that if we dump hard today, a nice 3-5 day rally should follow. So be ready to exit all shorts and go long if you are brave enough. (or stay in cash and wait to re-short)
Monday, June 7, 2010 Strong aspects between Mars, Jupiter and Uranus can bring large market moves in either or both directions, but I think these influences could reverse to positive.
Tuesday, June 8, 2010 Strongest in the morning and weakens as the day progresses; closes negative.
Wednesday, June 9, 2010 Positive.
Thursday, June 10, 2010 Positive trend bias.
Friday, June 11, 2010 Choppy/mixed to moderately positive.
Yes Monica,
The 60 minute chart is still trying to rise back up to the zero line, and cross over into positive territory. I don't know if it will make it there or not?
But, we should move up in the morning, and sell off in the afternoon, if I'm reading the charts correctly.
Red,
My guess is that we go up to where we were in futures overnight (1061) and then plummet.
FYI- Rick Ackerman sees a POSSIBLE turning pt (we bounce from) 1022 on the emini s&P, based on his method which can be “incanningly accurate” but it my just pause, its good for a long with a tight stop he would say. It coincides nearly with the daily and weekly BB which are dropping hard now.
I really hope we go lower
By the way – this is from OAH trading.
Good Morning gang…
Just remember that if we dump hard today, a nice 3-5 day rally should follow. So be ready to exit all shorts and go long if you are brave enough. (or stay in cash and wait to re-short)
This is Bam investors big day the time where we still go down (not up) I haven't subscribed yet. But what's their latest scoop for today?
For those bears worried about the futures action, maybe we don't have to worry? Check this out.
http://content.screencast.com/users/neslo/folde…
Short from 1103, staying that way, no need to “play cute” and try to time every wave or astro event
Dow e-mini fake print today at 9673 and on DIA it was 97.00 even. Wonder if we are headed there tomorrow.
Here's more for you Ben:
Monday, June 7, 2010
Strong aspects between Mars, Jupiter and Uranus can bring large market moves in either or both directions, but I think these influences could reverse to positive.
Tuesday, June 8, 2010
Strongest in the morning and weakens as the day progresses; closes negative.
Wednesday, June 9, 2010
Positive.
Thursday, June 10, 2010
Positive trend bias.
Friday, June 11, 2010
Choppy/mixed to moderately positive.